Putting a Price Tag On Your Health

We hear over and over again how important it is to maintain a healthy lifestyle. But being healthy for its own sake isn’t easy — especially when you’re facing down temptation or battling procrastination. For some, the monetary benefits of a healthy lifestyle may offer helpful incentive.

Being healthy not only makes you feel good, it may also help you financially. For example, one study found a steep increase in annual medical expenditures for individuals whose Body Mass Index was above 30.¹

Regular preventative care can help reduce potential healthcare costs. Even minor sicknesses can lead to missed work, missed opportunities, and potentially lost wages. Serious illnesses often involve major costs like hospital stays, medical equipment, and doctor’s fees.

When poor health persists over time, lost earnings may make it harder to save for retirement.

Some habits that lead to poor health can be expensive in themselves. Smoking is the classic example. A person who smokes a pack a day can spend more than $2,000 or more a year on cigarettes alone.3 Smokers also pay higher premiums for health care and life insurance, and their houses, cars, and other possessions tend to devalue at a quicker rate because of damage from the smoking.

Obesity is another expensive condition that affects many Americans. In fact, obese adults spend 42% more on direct healthcare costs than do adults with a healthy weight.4

By focusing on your health, eliminating harmful habits, and employing preventative care, you may be able to improve your self-confidence and quality of life. You may also be able to reduce expenses, enjoy more of your money, and boost your overall financial health.

1. StateOfObesity.org, 2017

2. American Dental Association, 2016

3. Time.com, April 20, 2017

4. StateOfObesity.org, 2017

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2019 FMG Suite.

At a time when annual college costs are steadily increasing, placing greater financial burdens on families more than ever before, it’s critical that students graduate on time with manageable student loan debt. There is a new way to approach this issue, developed with a student’s parents/guardians, based upon six key tenets.
May 30, 2019
11:45a - 1:00p

At a time when annual college costs are steadily increasing, placing greater financial burdens on families more than ever before, it’s critical that students graduate on time with manageable student loan debt. There is a new way to approach this issue, developed with a student’s parents/guardians, based upon six key tenets.
May 30, 2019
5:45p - 7:00p

It may be surprising to know that 53 percent of women -- and 5 percent of women under 40 -- do not have a financial advisor. This is at a time when up to 45 percent of marriages end in divorce and when 90 percent of women will control their finances at some point in their lives without the involvement of a partner. Join Diane M. Gardner CFP®, CDFA® at the next Cottrill Arbutina Academy to learn more.
June 11, 2019
11:45a - 1:00p

Have A Question About This Topic?

Name

EmailAddress

Question

Thank you!Oops!

Get Financial News & Updates Delivered to Your Inbox

Name

Email

Thank you!

Error processing your request. Please try again at a later time.

Check the background of your financial professional on FINRA's BrokerCheck.

The content is developed from sources believed to be providing accurate information.
The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals
for specific information regarding your individual situation. Some of this material was developed and produced by
FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named
representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and
material provided are for general information, and should not be considered a solicitation for the purchase or
sale of any security.